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Chase’s 2012 Auto Originations Rise 11%

According to a story posted on SubPrime Auto Finance News, Chase’s 2012 auto originations rise 11%. NEW YORK — Despite a bit of a dip as 2012 closed, Chase Auto Finance finished the year with a double-digit climb in auto originations. The com
Jan 21, 2013

GM Expects Profits to Grow in 2013 on New Vehicles

Detroit, MI – General Motors Co. (NYSE: GM) forecasts modest global industry growth in 2013 driven by the United States and China, while Europe is expected to experience further contraction. Based on this outlook and a strong cadence of new vehicle
Jan 18, 2013

PRNDL.com Expands Online Services to Car Buyers and Sellers

Alpharetta, GA – To make the process of buying a car online even easier for consumers, PRNDL.com has added more services to its user friendly, one-stop site. PRNDL’s newest providers — Ready Auto Transport and Innovative Funding Services (I
Jan 18, 2013

General Motors Declares Dividend on Preferred Stock

DETROIT – General Motors (NYSE: GM) today announced that its Board of Directors has approved a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock. The dividend is payable March 1, 2013 to Series B
Jan 17, 2013

Banks to Sell Government’s 300 million Shares of GM

Detroit, MI — The U.S. Treasury Department has hired JPMorgan Securities and Citigroup Global Markets to sell its remaining stake in General Motors and bring an end to almost four years of partial government ownership of the carmaker. The governmen
Jan 17, 2013

Tips for Managing a Multi-dealership Insurance Program

From an insurance perspective, multiple dealership groups are usually managed in one of three ways. First is a unified approach where all dealerships are included on one set of policies with consistent coverage. In some cases it is necessary to pro
Jan 17, 2013

GM Financial Announces $1.0 Billion Senior Subordinate Asset-backed Securitization

Fort Worth, TX – General Motors Financial Company, Inc. (“GM Financial” or the “Company”), announced the pricing of a $1.0 billion offering of automobile receivables-backed securities through lead managers Deutsche Bank Securities; Goldma
Jan 16, 2013

Use the WICS Compliance Model – Walk-through, Inspection, Compliance, Security — to Keep the Dealership Afloat

The proverbial saying, “For want of a nail,” means, Wikipedia reminds us, that “small actions can result in large consequences.” When it comes to auto dealership compliance matters, these unpleasant and seemingly never-ending tasks – if una
Jan 15, 2013

Government Insurance Cost Booklet: Say Goodbye!

WASHINGTON, DC – The U.S. Senate approved a bill today that removes an obsolete federal mandate requiring the distribution of a booklet reporting motor vehicle insurance costs. The bipartisan legislation, introduced by U.S. Reps. Gregg Harper (R-Mi
Jan 11, 2013